Why put up $175M, $350M, or heaven forbid $525M to acquire as little as $300 Million in profits over the next 50 years. Feel free to cite examples.
This simply suggests real confidence not only in the oil and gas bull market, but most spectacularly in Mackenzie pipeline project. Too many examples to list really. Google Permain basin and you'll easily find around a dozen such examples that have closed in the past 3 months, and that's just one other area to checkout. Follow the Money!
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